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- Pedantic Intra Group Adjustment - OpenTuition
Pedantic (iv) Sophistic’s trade receivables at 30 September 2008 include $600,000 due from Pedantic which did not agree with Pedantic’s corresponding trade payable This was due to cash in transit of $200,000 from Pedantic to Sophistic Both companies have positive bank balances ->Intra Group Adjustment P S R’bles (CA) 16000 6600-200-600
- Pedantic - OpenTuition
Sir , as per my knowledge if parents are trade payable to subsidiary so in consolidation in trade receivable we deduct trade receivable full and any cash in transit so in pedantic we should have done 16000-6600-200- 200 -800 but they added 200 ? Why and in trade payable they deducted 400 why not 600 full?
- consolidated statement – current assets - OpenTuition
On 1 April 2008 Pedantic acquired 60% of the capital of Sophistic in a share enhange of two shares in Pedantic for three shares in sophistic At that date the retained earnings of were SSmillionJhe issue of shares has not yet been by Pedantic nt the date of shares in Pedantic had a market value of $6 each’ the surnrnarised draft statement’ of financial position of both companies
- BPP Pedantic: Cash in Transit - OpenTuition
Sophistic’s trade receivables at 30 September 20X8 include $600 000 due from Pedantic which did not agree with Pedantic’s corresponding trade payable This was due to cash in transit of $200 000 from Pedantic to Sophistic Both companies have positive bank balances The correct double entry: Cash in transit: CR Receivables 600 DR Payables 400
- ACCA F7 December 2008 Question 1 Pedantic - OpenTuition
I have a question regarding Pedantic Basically, in my Kaplan Exam kit there is a note(v): “Pedantic has a policy of accounting for any non-controlling interest at fair value The fair value of non-controlling interest at the acquisition date was $5 9 million Consolidated goodwill was impaired by $1 million at 30 September 2008
- Pedantic CSFP- Share Capital Premium - OpenTuition
On 1April 20x8m Pedantic acquired 60% of the equity share capital of Sophistic in a share exchange of two shares in Pedantic for three shares in Sophistic The issue of shares has not yet been recorded by Pedantic At the date of acquisition shares in Pedantic has a market value of $6 each
- pedantic- dec 08 - OpenTuition
Pedantic which did not agree with Pedantic’s corresponding trade payable This was due to cash in transit of $200,000 from Pedantic to Sophistic Both companies have positive bank balances 1 (a)The answer working as per the book: Current assets $000 Pedantic 16,000 Sophistic 6,600 PURP in inventory (800) Cash in transit 200 Intra-group
- Pedantic example - OpenTuition
Pedantic example - Free ACCA CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums
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